Source:  PROGRESSIVE FARMER, 11/18/20


I've been thinking a lot about soybeans lately, and I'm not the only one. Participation in the soybean futures market surged to an all-time high of 1,049,850 contracts (total open interest) on Oct. 21. Traders have taken some profits and pared their positions since then, but total open interest in the soybean market remains at the 95th percentile of anything seen in the past five years. Not coincidentally, soybean prices are just about the highest they've been in the past five years. High prices seem to attract attention, which seems …

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